Volkswagen shocks investors with profit warning - Catalan Referendum: Stay or Go?
- Digitization: Estonia aims to light the way
Consultancy firm PwC has published its latest Global Innovation 1000 survey showing that corporate spending on Research & Development has never been higher, but also warning of the effects of economic nationalism.
The scandal-hit German carmaker will stop selling diesel vehicles in the US and refocus on sport utility and electric vehicles, as it looks to reboot strategy for its core brand in the Americas.
In the wake of its diesel emissions scandal, Volkswagen has replaced half of the supervisory board at its Audi subsidiary, with CEO Rupert Stadler remaining firmly at the helm of the premium carmaker.
German car group Volkswagen has raised its guidance for profit and revenue after posting higher-than-expected quarterly earnings despite huge legal costs resulting from its core brand's emissions-cheating scandal.
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